SG Americas Securities LLC Grows Stock Holdings in Coupang, Inc. (NYSE:CPNG)

SG Americas Securities LLC boosted its holdings in Coupang, Inc. (NYSE:CPNG) by 1,053.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 407,940 shares of the company’s stock after buying an additional 372,581 shares during the period. SG Americas Securities LLC’s holdings in Coupang were worth $8,967,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avanza Fonder AB bought a new stake in Coupang during the 4th quarter valued at approximately $2,729,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Coupang by 21.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 66,851 shares of the company’s stock valued at $1,469,000 after buying an additional 11,914 shares during the last quarter. Park Avenue Securities LLC purchased a new position in shares of Coupang in the fourth quarter worth $300,000. Assenagon Asset Management S.A. boosted its position in shares of Coupang by 85.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company’s stock worth $24,182,000 after acquiring an additional 506,622 shares during the last quarter. Finally, Oak Thistle LLC purchased a new position in Coupang during the fourth quarter valued at $1,651,000. 83.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on CPNG shares. Sanford C. Bernstein raised shares of Coupang from an “underperform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, October 7th. Citigroup dropped their price target on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Coupang presently has an average rating of “Moderate Buy” and an average price target of $27.56.

Insider Activity

In other Coupang news, Director Greenoaks Capital Partners Llc purchased 750,000 shares of Coupang stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of $24.01 per share, for a total transaction of $18,007,500.00. Following the completion of the acquisition, the director now owns 52,038,723 shares in the company, valued at $1,249,449,739.23. This represents a 1.46 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Bom Kim sold 15,000,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $22.97, for a total value of $344,550,000.00. Following the sale, the chief executive officer now directly owns 2,000,000 shares of the company’s stock, valued at $45,940,000. This represents a 88.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.60% of the company’s stock.

Coupang Trading Down 1.1 %

Shares of CPNG stock opened at $22.00 on Friday. The company has a market cap of $39.58 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of 38.77 and a beta of 1.10. Coupang, Inc. has a 1 year low of $13.51 and a 1 year high of $26.91. The stock’s 50 day simple moving average is $23.23 and its two-hundred day simple moving average is $23.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Coupang (NYSE:CPNG) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.76 billion. Coupang had a return on equity of 11.52% and a net margin of 3.57%. Coupang’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. Research analysts predict that Coupang, Inc. will post 0.14 earnings per share for the current year.

About Coupang

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.